Karachi: The Karachi Stock Exchange experienced a positive trading session, with substantial increases in its major indices, driven by gains across several high-volume stocks. The KSE100 index rose by 1,567.36 points, marking an increase of 0.86 percent to close at 183,951.52, while the KSE30 index advanced by 542.88 points, or 0.97 percent, closing at 56,444.71.
National Power Limited (NPL) led the gainers on the KSE100, with its share price soaring by 10 percent to 89.42. Similarly, Nishat Chunian Power Limited (NCPL) saw a significant rise of 9.99 percent, closing at 63.84. Pakistan Telecommunication Company Limited (PTC) also posted a notable gain of 9.41 percent, reaching a price of 69.73.
The market's upward trajectory was further supported by National Bank of Pakistan (NBP), which climbed 5.24 percent to 273.74, and Atlas Honda Limited (ATLH), which increased by 4.91 percent, closing at 1,610.32.
Conversely, some stocks faced declines, with Ibrahim Fibres Limited (IBFL) dropping by 3 percent to 281.12, and Sazgar Engineering Works Limited (SAZEW) decreasing by 2.44 percent to 1,822.82. Lotte Chemical Pakistan Limited (LOTCHEM) also saw a decline, falling 2.41 percent to 30.02.
Market capitalization of the Pakistan Stock Exchange stood at 20,769.75 billion rupees, reflecting a 0.83 percent change. On a year-to-date basis, the KSE100 index gained 5.69 percent, and the KSE30 index rose by 5.89 percent.
The day's trading volume reached 1,037.26 million shares, with a total value of 62.70 billion rupees. The Bank of Punjab (BOP) emerged as the volume leader, with 73.89 million shares traded, followed by Matco Foods Limited (MDTL) with 67.42 million shares.
In the broader regional context, South Korea's KOSPI index led gains with a 1.5 percent increase, while India's BSESN saw a decline of 0.3 percent. Other regional markets, such as Indonesia and Malaysia, recorded gains of 0.7 percent and 0.8 percent, respectively.
The positive performance of the Karachi Stock Exchange indicates a strong investor sentiment, bolstered by gains in key sectors and substantial trading volumes.